About Menguin
Menguin is a company based in Fayetteville (United States) founded in 2011 was acquired by Generation Tux in September 2017.. Menguin has raised $2.54 million across 4 funding rounds from investors including Generation Tux. Menguin offers products and services including Suit Rental, Tuxedo Rental, and Home Try-On. Menguin operates in a competitive market with competitors including The Black Tux, Generation Tux, Union Station, Vow To Be Chic and Xedo, among others.
- Headquarter Fayetteville, United States
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Sectors
RetailMedia & Entertainment
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Menguin Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.54 M (USD)
in 4 rounds
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Latest Funding Round
$1.42 M (USD), Seed
Aug 22, 2017
- Investors
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Employee Count
Employee Count
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Acquired by
Generation Tux
(Sep 19, 2017)
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Products & Services of Menguin
Menguin offers a comprehensive portfolio of products and services, including Suit Rental, Tuxedo Rental, and Home Try-On. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Online system for renting suits with free delivery and fit guarantees.
Platform for tuxedo rentals including accessories and home try-on options.
Free trial service for suits and tuxedos to ensure proper fit.
Funding Insights of Menguin
Menguin has successfully raised a total of $2.54M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $1.42 million completed in August 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Seed — $1.4M
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First Round
First Round
(30 Oct 2014)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2017 | Amount | Seed - Menguin | Valuation |
investors |
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| Apr, 2016 | Amount | Seed - Menguin | Valuation |
investors |
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| Jul, 2015 | Amount | Seed - Menguin | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Menguin
Menguin has secured backing from 1 investor. Prominent investors backing the company include Generation Tux. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Tuxedos for men are rented via an online platform.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Menguin
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Menguin
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Menguin Comparisons
Competitors of Menguin
Menguin operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as The Black Tux, Generation Tux, Union Station, Vow To Be Chic and Xedo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Men's wedding apparel rentals are provided via an online platform.
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| domain | founded_year | HQ Location |
Tuxedos for men are rented via an online platform.
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| domain | founded_year | HQ Location |
Manages an e-commerce store specializing in bridesmaids dresses.
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| domain | founded_year | HQ Location |
Designer bridesmaid dresses and Little White Dresses are rented online.
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| domain | founded_year | HQ Location |
Online rental platform specializing in tuxedos for special occasions.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Menguin
When was Menguin founded?
Menguin was founded in 2011 and raised its 1st funding round 3 years after it was founded.
Where is Menguin located?
Menguin is headquartered in Fayetteville, United States.
Is Menguin a funded company?
Menguin is a funded company, having raised a total of $2.54M across 4 funding rounds to date. The company's 1st funding round was a Seed of $140K, raised on Oct 30, 2014.
What does Menguin do?
Menguin was founded in 2011 in Fayetteville, United States, and operates within the e-commerce sector focused on apparel rentals. An online platform is provided for men to rent wedding wear, including tuxedos, suits, shirts, and vests, along with accessories such as ties, shoes, socks, belts, cufflinks, and suspenders. Customization of styles is enabled for users prior to rental transactions.
Who are the top competitors of Menguin?
Menguin's top competitors include The Black Tux, Generation Tux and Vow To Be Chic.
What products or services does Menguin offer?
Menguin offers Suit Rental, Tuxedo Rental, and Home Try-On.
Who are Menguin's investors?
Menguin has 1 investor. Key investors include Generation Tux.
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